Vintage Wine Estates, Inc. (NASDAQ:VWE – Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 327,400 shares, a growth of 26.7% from the March 31st total of 258,500 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 164,600 shares, the days-to-cover ratio is presently 2.0 days.
Hedge Funds Weigh In On Vintage Wine Estates
A hedge fund recently raised its stake in Vintage Wine Estates stock. EMC Capital Management grew its position in shares of Vintage Wine Estates, Inc. (NASDAQ:VWE – Free Report) by 1,499.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,821 shares of the company’s stock after buying an additional 54,206 shares during the period. EMC Capital Management owned about 0.10% of Vintage Wine Estates worth $33,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 69.82% of the company’s stock.
Vintage Wine Estates Trading Down 16.7 %
Vintage Wine Estates stock opened at $0.20 on Friday. Vintage Wine Estates has a 52 week low of $0.20 and a 52 week high of $1.45. The stock has a market cap of $12.55 million, a P/E ratio of -0.10 and a beta of 1.13. The stock has a 50 day moving average of $0.37 and a 200-day moving average of $0.48.
Vintage Wine Estates Company Profile
Vintage Wine Estates, Inc produces and sells wines and spirits in the United States, Canada, and internationally. The company offers its products under the brands Bar Dog, B.R. Cohn, Cameron Hughes, Cherry Pie, Firesteed, Kunde, and others. It also owns and operates hospitality facilities; and provides bottling, fulfillment, and storage services to other companies on a contract basis.
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